Challenging business dynamics, rising distributor expectations, increased competition and complexity continue to plague commercial insurance.
Exploring new methods of automating and standardizing routine, predictive tasks is essential. Mitigating risk by reducing errors and omissions, eliminating human error, and delivering contract certainty are key to delivering a better experience and ultimately increasing profit margins.
With Chisel Policy Check, you can digitize and standardize the entire process of checking a policy against a quote, application, submission, or binder in seconds. You can automatically cross reference and check all documents at once to validate accuracy before distributing new policies to brokers and MGAs. Increase written premiums by fostering trust and reliability among your distributors through the delivery of high quality, accurate, pre-checked insurance documents. Eliminate the need for brokers and agents to validate your work, saving them time and money.
By deploying intelligent workflows that are powered by Artificial Intelligence and Natural Language Processing (purpose-built for commercial insurance), you can improve operational efficiencies, mitigate E&O risk, improve contract certainty, and optimize the broker and agent experience.
Natural Language Processing (NLP) is a machine’s ability to read language like a human, pulling relevant pieces of language, assigning meaning to the words, and intelligently analyzing structured and unstructured text.
Get a personalized tour of how our advanced Natural Language Processing and Machine Learning AI solution can help you digitally transform high-volume, routine tasks, enabling your skilled knowledge workers to focus on strategic high-value account management initiatives.
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